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and will likely hear tomorrow. >> the more things hope and change, the more they stay the same. >> our economy is badly weakened and health care is too costly and schools fail to many. these are the indications of crisis. a nagging fear that america's decline is inevitable and the next generation must lower its sights. >> the speech he could give word for word again right now because so little has changed. in that speech he talks about wanting to end two wars, too many people are out of work, reaching out to the muslim world, reforming our schools. there are all kinds of redundancies he can thought go back to. >> supporters including his most ardent factor, hold the view the second address will be fundamentally different from the first address, not because he is hemmed if by similarities between today and four januaries ago but because the nation is in a fundamentally different place. >> this economy was losing 800,000 jobs a month and a lot of folks wondered whether we were headed for another great depression. do you hear me? this is what he faced on day one as president. >> as you know, he t
for breaking details. thank you. >> turning to the u.s. economy. consumer sentiment at the lowest sentiment for more than a year. reuters survey showed 35% of consumers have a negative reaction to fiscal cliff negotiations. the dow finished up 54. the s&p 500 gained five. the nort nasdaq lost one. there is word tonight that republicans may be willing to give a little now to get something back later. we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy. >> our hope is to pass something early so the senate can take action as well. i wouldn't be jeopardizingor economy there. it shows it's a rational, put us on a better path. and i would hi the american public could supp
the economy and barack obama came on and was in a joef yell mood. >> for all of the talk we had during the campaign ofment o prt obama's ability to raise money it would be a million dollar campaign and the talk mitt romney had more corporate donors it would be a wash in cash. the president had no trouble raising enough money to get himself re-elected it is thanks in part to an incredible network he has built over the years. talk about the importance of money in this election, charles. >> he has never backed for money. in 2008 he was the first to go without the federal matching money so he could raise unlimited amounts he did and he crushed mccain in terms of the fundraising. he is commuting with the 53 percent his way of reaching to try to bring us all together after a campaign where he ran into 47 percent. it is a night where they are just having a good time. i wouldn't take any of it too seriously. it is a minor bit. you have to give him a pass on inauguration. he's having a good time and this is the money essentially to fund all of the festivities he which he won fair and square. >>
read between the lines they tell you something about the overall economy. chief washington correspondent james rosen interprets for us. >> the national association of realers reports that -- realtors reports while existing home sales dipped in december, such sales are up by december 2011 by 19.8%, with total sales in 2019 reaching the highest point in five years. among the reasons why, experts cited an improving jobs market. >> the driving factor,be of course, have to include the historically low mortgage rates. for those people who can qualify. the other factor is the household formation. many of the young adults who used to live with their parents are seeking out their own housing unit. >> a recent survey by the national association of home builders and wells fargo finds home builders' confidence sagging. staying flat in january and below the 50% mark after eight consecutive growth of months. there, too, there is cause for optimism. the commerce department reported last week that housing starts surged in december. up 19.1% from the month before and setting the fastest pac
% of the economy. now he is talking about energy. the second thing. if you took an outsider and said what is the main issue of our time? it's the crisis of the entitlement state. it's insolvent. it's advanced in europe where they are out of money and we are going to get there in a couple of years. there is nothing in the speech about that. not even recognition there is a crisis. tall programs of the 20th century were enacted with the life expectancy is 62. medical technology is eventually non-existent. he said i'll take that, defend that and expanding the entitlement by adding obamacare he said i'll do energy that he spoke about a month after the first inauguration. with climate change and continue on the road in green energy stuff. he wants to create what he thinks he can in washington, new industry, string of solyndras until the end of time. expanding entitlement state in crisis. there is no change from who he was in 2009. he never has to be re-elected so he can be utterly unbound and say exactly what he wants to do. but ide logically i found remarkable speech. >> bret: what did you lik
Search Results 0 to 7 of about 8 (some duplicates have been removed)